3 July 2024 | 20 replies
Of course this may not be cheap, but it’s very effective.

29 June 2024 | 6 replies
If so, has this been effective with improving efficiency, tenant satisfaction, and overall business operations?

1 July 2024 | 13 replies
Because when your properties pass to your kin, they get a step-up in basis, effectively making a lifetime worth of gains invisible to the US Government.

30 June 2024 | 6 replies
Any tips you have when dealing with a tenant who consistently breaks lease, lies about property damage / repairs needed, does things like keep the heat off in the winter when shes closed for the one day a week.

29 June 2024 | 7 replies
If not, or if this is a first time occurrence, I'd start with gathering any tangible proof that the damages are a result of the other landlord or tenant ie; video camera, pictures and suggest to the tenant that they seek a resolution based on the evidence.

1 July 2024 | 29 replies
I wouldn’t do that on a more public advertising forum, because some idiot will cry discrimination.But it really had no effect.

1 July 2024 | 28 replies
This is through effective marketing (15+ channels including Airbnb/VRBO/Marriott Homes & Villas/Booking.com/Homes2Go and more, as well as a revenue manager, 24 hour guest communication etc.
28 June 2024 | 10 replies
Converting your single-family home into a rental property involves several considerations to protect yourself and ensure smooth operations: Establish an LLC:Liability Protection: Holding the rental property in an LLC can protect your personal assets from potential lawsuits related to the property.Tax Benefits: An LLC can offer tax advantages, such as pass-through taxation, where rental income is taxed at your individual income tax rate.Insurance:Landlord Insurance: Ensures coverage for property damage, liability claims, and loss of rental income.Umbrella Policy: Provides additional liability coverage beyond your landlord insurance, offering extra protection.Deductions:Mortgage Interest and Property Taxes: Continue to deduct these expenses.Depreciation: Depreciate the cost of the property over 27.5 years, excluding the land value.Maintenance and Repairs: Deduct costs related to maintaining the property.Property Management Fees: Deduct fees paid to the property manager.Filing Taxes:Schedule E: Report rental income and expenses on Schedule E of your tax return.Separate Accounts: Maintain separate bank accounts for rental income and expenses to simplify bookkeeping.Lease Agreement:Solid Lease Terms: Ensure your lease agreement is thorough, covering rent amount, due date, late fees, maintenance responsibilities, and eviction terms.Legal Review: Have the lease agreement reviewed by a real estate attorney to ensure compliance with local laws.Tenant Screening:Background Checks: Perform credit, criminal, and eviction history checks on prospective tenants.References: Contact previous landlords and employers for references.Property Management:Regular Inspections: Schedule regular property inspections to ensure it's being maintained properly.Maintenance Fund: Set aside a reserve fund for unexpected repairs and maintenance.Moving Out of State:Communication: Maintain open communication with your property manager.

28 June 2024 | 5 replies
Like @David Ramirez mentioned, inbound marketing is really effective and attracts sellers who are already raising their hand to say "I'm looking to sell".

29 June 2024 | 9 replies
If the damage was storm related homeowners insurance might be an option?